Part 2: Illegal Loan Shark 'What's the Most You'd Lend Somebody?'
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- Опубликовано: 28 мар 2024
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Only difference between him and a bank clerk is he aint wearing a suit
Nah, the biggest difference is that if you can't pay him back, he deletes you
A bank will lend at 6.2% as opposed to 50% interest
Yeah and he’ll break ya legs if you can’t pay 😂😂😂 the bank just sends you letters big difference 😂😂
Not only that, the banks don't staple your nuts to your thighs if you don't pay them back on time.
True. Bank could even have you disappear like I'm sure thus Man would
He gives me “you like vans? Get in the van” if you don’t pay him back vibes 😂
ITs A VAN.
ITs NICE.
GET IN THERE.
4GETTABOUTIT ......
“Can’t pay? We’ll take you away”
@@TheLoamCourierMTB😂😂
That's what the dress up costume is for 🤷♂️
Kinda the point eh?
This man is relatively reasonable compared to the thieves who set up shop and call themselves payday lenders.
Reasonable or not, crime is crime. All the more reason to loosen up gun laws!
like a flat 50% with an extra 20% late fee? Brother compared to most loan sharks this guy is cool, no compounding intrest, no attempt to hide the intrest
Banks charge you more than that most of the time, idk why they call him a loan shark, also he sounds like he'd give you an extension easier than a bank
yes!!! It’s not compound interest of 19.99% 😂 it’s a clear and cut 50%. He is more honest and straightforward then payday loan.
@@rory8182 fr if i were in a super tight pinch i wouldn’t mind turning to someone like him
"What happens next?"
"We tickle them until they give in and pay"
He's actually far cheaper than a lot of the predatory payday loan places 🤣
Yeah but you have to put up more collateral with this guy. Also, he doesn't tell you what the collateral is - you have to find out the hard way.
this seems to be a failure of imagination friend.
payday loan companies rates are predatory but their means consist of suing you.
this guys means, are left up to his imagination.
understand the difference?
@@DonaldPrizwanmakes me respect the guy even more . Just a fella that doesn’t play with about his money especially at that amount
@@DonaldPrizwanwe should shift entirely over to guys like this. People will stop taking loans they can't repay. Fiscal responsibility of society skyrockets.
Exactly
£5 hat, £2 snood, £4 sunglasses. mans a money saver
Prada jacket?
@@Pain-fy4rj10 dollars in Thailand
Stolen so technically free @@Pain-fy4rj
@@Pain-fy4rjguess somebody didn’t pay back their debt
1000+ dollar Prada jacket makes up for everything else lol
Detected a tiny hint of pride when he said he helped a dude keep his house. Thats good stuff
150,000 over 6 months is a lot of money, but it's nowhere near as much as 100,000 right now
?
He could have done it for 10k but he is a piece of sheet.
@@PhycoKrusk truuu
@@PROVOCATEURSKThat's alot of risk. I'd say 20k is fair but they ain't called loan sharks for nothing!
Shady human trafficker: 150% return bro
My bank: 80000% return and I'm being generous!
Nah that’s a 50% return, plus the money loaned back
@@ghostfacegrillah7891he's making a joke dawg 💀
@@ghostfacegrillah7891 😂
Lol the Interviewer just wanted to hear him say "I would break their knee caps if they didn't pay."
Exactly😂😂😂
It seems like the knee-cap punishment is universal, hey. I found out about it as a seven-year-old living in South Africa. Hahaha
😅😅😅
Fr😂😂
That’s only if you breach the non disclosure agreement 😂😂
People like him are the reason why the phrase "it cost an arm and a leg" exists.
No it’s not he’s chatting out of his chocolate starfish
Individually a person doing this is not the problem.
@@11drowalright mate
Gov are worse they made this inflation 2020
@@11drow Only difference between him and a bank is he ain't wearing a suit
i've heard some lady, she gave a talk about her American student loan. she had a student debt of about 100k when she graduated. she never skipped paying off the debt every month. $100 every month. after 13 years she actually went ahead and check the balance, and the debt is 130k. because of the interest is 1.5% annually, every year her debt grows because what she has paid for a year is less than her interest. she needed to advance forward by a large sum before the interest is somewhat manageable
I've seen this before and I advised those people to get onto an income driven repayment plan and never look back just make sure your policy doesn't lapse in your paperwork is in order every year after tax season after 25 years the dead is forgiven the best one to go with is now called the save plan but it used to be called repaye
Employers should assist in paying off debts but who am I to say.
thats called idiocy. if you cant do basic maths you shouldn't be taking loans, and definitely shouldn't be going to university
Why didn’t she make the minimum payments?
@@imdamasta11 idk it was just like a yt short and i wasnt really paying attention to her cause i was simply scrolling
his return model is better than most industry experts... i see why everyone keeps going to this man for loans 😂
That's the same outfit I wear when people ask me if they can borrow money from me.
😂😂😂
🤣
Its the outfit I wear when I take the money
he is literally wearing a Prada tracksuit that cost several thousand, but okay
That's the outfit I wear if I win the lotto.
"What's the most you'd lend somebody?"
"Trick question"
😂
in life , its best to surround yourself with people who dont need to borrow money in the first place
Not if you're a loan shark 😂😂
Not only did he say “trick question”,but the second option he gave was literally the same question the interviewer asked
@aidenwhitesell2217 the implication of his rephrasing and restating the question as 2 different options is he has a real answer to his rephrased question, whereas the answer to the 2nd/original question is likely "as much as I think a person would pay back with interest", which is obviously not really the sort of answer the interviewer wanted, and he knew it.
Bro didn’t even scratch off the sticker on his lenses.
At least he doesn't charge more interest than the principle. What a honorable gentleman!
Can you please explain
At least the loan shark is straight forward and doesn't have hidden fees
“Illegal Loan Shark” is like saying Illegal Bank Robber.
I don't know English financial law but you could call pay day loans, legal bank shark.
@@snoopyguy21 He actually offers a better rate than some of the loan places I've seen in the US some Preditory ones charge upwards of 133-166% apr.
Illegal loan shark is like saying Legal Bank Clerk.
Incorrect, “illegal loan shark” is like saying “illegal non government profit and cheaper bank loan system”
@@RKNGLexactly
That’s my uncle Kieran he’s not a loan shark he’s a bin man
with a 1k prada jacket
@@kknn853 yes. Binmen can afford prada too lad. Don’t let the internet fool you
@@kknn853yeah he got it on tick 60% interest
Primary career: Money lender
Secondary: Waste management
@@kknn853 I got something similar at ASDA for 24.99.
His rate ended up being less then what a bank charges cause the way the bank does it, the interest keeps compounding. Why my 12,500 truck ended up costing me $24,000+ after interest to a legitimate company.
Who are you banking with that's charging you compound interest?!
Every installment loan at a bank charges compounded interest on what’s still outstanding, it’s just that you gradually pay relatively more principal the farther into the loan lifecycle you go. That’s why they’re legally required to report rates as APR and not nominal interest
That literally wasn’t a trick question 😂😂😂
I think he meant it’s an open ended question lol
He tricked you...
The difference between this guy and a bank is that he'll bread your kneecaps and follow your kids home from school. A bank will just send you letters.
In Northern ireland anyway 😅
depends on the bank
No, they will come after you. If it was a loan for something specifically they will take that, otherwise things will go past a judge and then they will get their money. Worst case they'll put a curator on you and you'll get money through them only until it's payed back and you won't be able to do any more financial stuff at all on your own.
*NOTHING* on this Earth worse than breaded kneecaps!!! (personally, I prefer fried breaded chicken wings)
Knees like Swiss cheese
Those types of questions get you first hand accounts of “what happens next”😂
Legit. Never ask questions 😂... This guy obviously agreed to the interview, though.
Everyone's a gangster until they forget to take the uv sticker off their glasses 😂
Uv? You see!
Thats better deal then most credit card companies 😂
My loan was 110 percent! If I’d known loan sharks were so reasonable i would’ve gone to one. I’m completely serious.
Lady, what on earth for a bank gave you 210% repayment terms on a loan valued below 100k?
Ya but if you dont pay then they are not reasonable.
@@benjohnston2558neither are banks
But if you can’t pay. You’re basically dead.
@@jamesswindley9599 no they’ll just terrorise you until they get paid
Mans still got the sticker on his sunglasses 😂
🤣🤣🤣
And cheap garage ones at that 😂 not even Ray bans 🤔 must have lent all his money out 😂
It's just for the interview. Not his personals
Primark have 24 days' return policy if in original packaging.
Because there on loan
He makes me feel more comfortable than a bank. He is like Darth Vader
He’s doing the same thing a bank will. He’s just being honest about it.
"that's a trick question" no it wasn't mate 🤣
he wanted to flex 😂😂
Yes it was mate...but you are too shallow to figure out why...
If someone says what's the most YOU'D lend somebody it could mean what was the most you would have lent someone (past tense, have lent) or What's the most you would lend someone (present tense would lend)?
@@knuccsNo it doesn't. You've even contradicted yourself. He would've have said 'lent' if he was asking about the past.
Yes, it's a trick question. The answer will depend on how trustworthy he deems the borrower to be, what collateral they have etc
I just seen a loan for 70%Apr this man is generous
50% in six months means 125% interest.
@@riteshgupta4002Someone else who understands cumulative interest.
@@riteshgupta4002how did you calculate that
there no apr based on the convo, its a flat 50 percent
@@icodestuff6241 he said it was over 6 months, you can easily calculate the apr on this specific transaction.
That's literally the interest rate banks give people on mortgages. 50% and up.
If they can pay off $100k to save their house, yet pay you $150k, how does that even make sense???
If debtor is in a position where they only have 15 days to pay $100k to a bank or mortgage company...OR lose the house. Then the opportunity to borrow that $100k and pay the bank within 15 days, and then you get to keep the house...and your children and wife safe and stable.
Meanwhile you've got another 6 months to liquidate other assets (cars, boats, art, other properties etc.) to get the $150k for repayment. To some, this just seems like the prudent path given the situation at hand
@@hypotheskepticAgreed it’s mainly a liquidity issue.
interest racks up. they needed money THEN, just like a bank you might need a loan.. he does it through his own account and probably saved a lot of people trouble, banks have been known to make 100k loans and make you pay back 300k just because interest over the time period you're trying to pay them back, especially if you took 6 months to get that money back to them.
The fact your asking this question tells me your about 10 years old.
@@col8353 Maybe unlike your family, I'm just fortunate, never having to borrow money nor deal with criminals. I feel sorry for your situation and your bitterness to even try to insult me with such a remark.
I hope you find peace; you won't find money or respect with your outlook on life...
I like the idea of being rejected by a loan shark, feels like it would be more humiliating than having a mortgage rejected 😅
Mans seriously sitting there with his glasses all fogged up 😂
😅
And brand sticker still on the shades just to show that there expensive 😅
No, that's how they look
@@chrisbaker7136that’s a UV protection rating not a brand sticker
pretty sure its done on purpose
"I break their knees and tell them they now owe 75k plus 20%, we're you not listening?" 😂
Outstanding risk management
Funny thing is: he's the loan officer at HSBC.
lol its funny b/c HSBC is well known for money laundering
I see the Phonejacker is now the Walletjacker.
😂
"Hello sir, I am calling from you Bank in Uganda, for security reasons, can you give me the pin number to your banks card?!" 😂
I used to love that show😂 and facejacker
😂😂😂
How I feel when my buddy asks me for $15 dollars
Its crazy how he is seen as a criminal when the banks are worse
Banks wont break your kneecaps for being late on a payment.
Most legal personal loans and finance here in New Zealand, will end up costing 50% to pay back over the entire term.
They must be using this guy!
He's basically better than them cuz he don't ask no questions he just make sure he gets his own and you get what you need, not too bad.
The interviewer looks like the guy that set up The Bank of Dave.
It is
A thought soooooo haha
David Fishwick
Oh dave
There’s a clue at the bottom of the screen lol
Quality mark on the sunglasses does it for me 😂😂
He has better rates than some credit cards and will have the money to you the same day....
Credit to him.
Most credit cards are 20-30% no? This is effectively 100%.
@@PaulFilmerdoesn’t sound like he compounds his interest though
@@silverdager7717 A credit card with 30% interest rate, compounded monthly would result in 16% interest overall if you paid it off in that year. This guy will charge 50% interest over 6 months. It's not remotely close to being better.
@@PaulFilmer20-30% for people with not much credit history
Well credit from him really
This bloke would be good in government 😂
Government is the most tollerable mafia. Public are sheep. 50% tax!!! After tax dollars then tax on anything you buy.
Hes too honest for that
Maybe he is
@@gorilliam he lying my guy said he take a log book 😂😂 I'll take that 100k pay off the house sell it and move abroad with my car he has the logbook to
Government AnitChrist
“and they couldn’t pay it back, what happens next 👀 “ yes, what does happen next 👀 😂
The crime is that hes actually cheaper than the bank after a certain point.
Honestly, I think I'd prefer the fixed 50% mark up over the baked in interest from banks.
@@johnhurley8918plus when the feds try and increase rates even more than they are now
he a reasonable business man he tells you the conditions he don't put it in small print
I took out a £12K loan from Natwest, monthly payments are just shy of £330... The interest they added was just over £180, March - £190, February - £219 in January...
There is literally no difference between this guy and the bank. If anything, the banks rates are higher.
also the terms are better, you can pay a bit here and there during the 6 months, or pay everything in one go at the end of the loan
Are you sure about this? Banks charge you 100% interest?
@@foundationofthought7155 100% sure, the amount of interest added in april is £211.66 to be exact.
They call this guy a monster yet I'm paying 200% back on my mortgage
legally the most a bank would interest tax you would be 6.2%.
This deserves to be shared with the world.
"He's like a bank clerk" except a bank clerk won't gouge your eyes out over money.
Noooo not the eyes, not the eyes. Just take my toes - NOT THE BIG TOES, I need those for walking. (You do).
No the bank will just ruin you and take your house
Doesn't have to; if you don't pay them they just have the police come and take your stuff. If you resist; pewpew.
you're right. they will just take everything else you own instead, and hope you take care of yourself. Certainly saves them the job. Or if you refuse they tell the police and let them take care of you. at least this guy will have the decency to do it himself
What a hardworking, down to earth, caring gentlemen
Hope you are joking 😂😂😂😂😂😂😮😮😮😮
Your dedication and hard work are paying off.
This dude really covered up like he is a hitman or something 😂😂😂
He probably is 😂
He should take the sticker off the glasses
That’s what I was thinking , he popped into primark rapid before this interview 😂
More like poundland
Well he is hardly gonna go tk harrpds for a disgiise is he? 😂🎉
There not his just nicked lol 😂😂😂
They're burner glasses. He's only going to throw them off a bridge once he's finished looking at the sun.
You know it's top quality reporting with:"Anything you borrow is 50% back" - "Whats the most you have ever lent?" "100 thousand", "So how much did he pay back?" "150thousand" 😂😂😂😂😂😂
If its 50% regardless of time frame then there's an exploit to be had there for sure 😂
Obviously he means 50% interest you melt
@@gylfi1002 ok, ill take as much as he'll lend me for a 50 year term if it's at 50% interest over that term. Do you understand how thats a great deal for me?
Not the brightest one
You boys will be amazing when you learn how compound interest works 🤯
If you told me this was the guy in charge of a bank I'd believe you
Unlike the bank this man is honest
Not far off provident loans and credit cards and catalogues
Thought it was the invisible man at first
Hahahaha
Uhh if he's actually making sure the person can pay it back, he's making better calls than the banks
"That's a trick question."
No, you just weren't listening.
Dave fishwick? Absolutely a legend
'Never a borrower or lender be': William Shakespeare
Never borrow lend or be
Never bend a knee
"William Shakespeare" - and Mark Corrigan ;-)
I mean this is better behavior than most banks.
This guy is really just a regular banker 😂
That's just what banks do! 😂😂😂😂😂
Truly, he's actually cheaper than the bank. You just have to pay him back in 6 months vs 30 years. People don't realize how much a 100,000 dollar loan over 30 years at 5% costs you.
But you are not paying back the banks loan in 6 months. If you were, you’d pay back 2,500 interest in 6months. For this guy it will be 50k. So it’s not the same.
And it doesn't ruin your credit score!
@@osagiezogie For 6 months, yeah, but a typical bank loan for 100,000 for most will be spread out over 10+ years. If you can pay a bank 100,000k in 6 months on a 10 year loan, then you'll save yourself a lot of money, but finding a bank that will loan that amount on short terms for most is almost impossible.
@@americanandpinayYour comparison is wildly insane. Most people that borrow 100K+ do not make enough to pay it back within a year. Hello!? Mortgages. Of course if someone pays 5% over 30 years it’ll be more interest payment than 50% over 6 months.
You’re comparing apples to oranges. Don’t even get me started on car loans which is typically 72 months nowadays. You think anyone makes enough to pay off their 40K car within a year?
Also there’s credit cards and cash advances which is cheaper than 50% over 6 months. Also if you’re able to payback a large loan within 6 months most people can go without a conventional loan and use a credit card or cash advance to cushion the difference, no?
And personal loans do exists + you won’t be physically injured for not paying back the bank.
As a matter of fact. On my Citi Bank app they’re offering me a personal installment loan up to $50K over 5 years at 15.99% APR. With no early payoff fees. There’s also flex loan which is up to $10K at 12.99% for 12 months.
Absolute melt
Take your medication Brian
Aye must be roasting wearing all that
In America we call that a payday loan.
Only with far fairer conditions and he makes sure his customers can pay back first given some time.
Still less predatory than a bank.
Is that the invisible man ?
Is that the invisible man 😂😂😂😂😂😂😂
The friend we all need
He's more honest than a bank. You know up front exactly where you are, there isn't any fine print that ends up stealing your house.
I love this sort of comedy 👍
Still more honest than a bank.
If they cannot pay off the 50k they borrowed what happens next, I take off my mask.
😂😂😂😂👏🏼👏🏼
Looks like the invisible man 😂
Seems quite reasonable to be fair , anyone got his number
50% ain’t reasonable. Get a guy who does 30 or lower
He's saying it's easy money because the guys a sausage and would get robbed by anyone 😂
It's great until you can't pay it back and instead of going to court you end up with 2 broken legs
@@josephsm2002sounds good
😂😂😂
Never mess with someone's money even if it's a couple hundred
Hard money lending at its finest! I love this guy
Dude is more reasonable than the people doing student loans in America.
I love living in a country where college is free and student loans are something you take out to buy a laptop and stuff.
How's taking the log book of the car gonna do anything?
"Yeah us that the DVLA? My log books been stolen"
Won't be hard to find you. And with money mate he can make you fkn disappear I'm a second.
I like how both of you made mistakes in your comments.
“ Yeah *us* that the DVLA ”
And the response…
“ *i’m* a second “
Edit if you’d like.. but I’ll know 😏
@@KGEE-WeTheGeesHey genius, your second use of ellipsis had only 2 dots when the correct usage is 3.
Step out the basement, you can touch some grass now😂
@@KGEE-WeTheGeesFeel free to edit if you’d like… but I’ll know😏😂
This dude is full of bs. Trust me
Sounds like he works for a car title loan place 😂😂
This sounds like what banks call " interest" suspiciously
Bro that's better than my mortgage rate.
Blokes got doe but doesnt tske sticker off his £5 glasses🤡🤡
Exact thought when he said he's lent someone 100k lol 😂
He’s only wearing them for this interview obviously haha do you think he came in like that haha you do don’t you.
U his pal are ya? Or are you the guy if so lend me 100k 😂
he'll just be the enforcer, there's people with lots of money that want good ROI. So they find people with a reputation and violent streaks to find people to lend to. Then they keep a small percentage of the interest.
Kind of like payday loan companies though they do it legit and pay taxes on it but some of the investors will also have some spare to criminal gangs.
This dude got better rates than some banks 😂😂😂
Usury is truly one of our worst ideas as humans.
Less of a criminal than most banks
We need these guys in prison. Exploiting hard times.
Nobody forces people at gunpoint to take a loan. They are adults quite capable of making decisions themselves
As opposed to banks? Enjoy your cashless society $50.00 becomes 49 90 becomes 49.80 a $50 note holds it's value as far as fees go. Yes there is inflation. If I give a guy $50 cash he gets $50 cash if I pay by card I lose $50 and he gets less than that due to EFTPOS fees from banks. If that's your choice fine but they are going to remove your choice. Wanna buy something woth afew pennies it's not worth the transaction for the vendor so, they raise the pric andyou lose again. Never did the banks.
My logbook I leave in the car. It isn’t proof of ownership - just proof you’ve broken into my car, whether it’s true or not.
You are told not to leave your logbook in the car for this reason.
If he takes the logbook it's very hard to prove its not his car now
@@jackosullivan6784 sorry, I misspoke. I didn’t mean the V5, I meant the rest of it. The V5(owner and selling slip) gets filed away in the house. I mean the book for service, maintenance etc. that’s the logbook over here
@@jackosullivan6784 sorry, I misspoke. I didn’t mean the V5, I meant the rest of it. The V5(owner and selling slip) gets filed away in the house. I mean the book for service, maintenance etc. that’s the logbook over here
He's offering a better deal than a lot of college loans.
Almost tricked me there for a second 😂
Why would someone need 100k if that person can apparently pay 150k back in 6 months
They could have business debtors that are late paying, which means they'll be late paying their own bills like mortgage etc.
Some lenders prefer that you default because they'll make more money taking and selling your assets than they would if you paid the loan off on time. Plus they don't have to wait 25 years for the money.
If the customer has 400k coming in over six months, its much cheaper to go to a shark and pay £50k interest than lose a £1m house over a few missed mortgage payments.
The scary thing is, there are sub-prime lenders in the UK like Close Brothers PLC that will legally charge far higher interest rates than this guy is charging.
The whole leg-breaking thing isn't as common as people think. They need you to be able to pay them back, and also if you can pay them back, they want repeat business. But even then, as much as it would hurt, I'd probably rather have a leg broken than be homeless.
If your credit rating is bad, you can’t get a conventional loan from a FCA approved bank or lending company. So alternative lending has to be something that you explore or you lose what you’ve worked so hard for and you don’t see any other choice.
They could be addicts that only realise that later when they have to pay back
@@MissWiggy2000 I get that. But apparently the guy can make 150k in 6 months. So I don't get how he was about to lose anything
@@invinity1990 If the lender is done with the back and forth and the deadline is X date. If payment not received in full, repossession will take place immediately. Especially if in court already and order just needs to be approved by a judge. Many, many scenarios... If the Borrower had lost his ability to earn and Lender lost all patience, just wants his asset back so he can flip it and get his cash out
As someone who has had some money, when I would loan any to anyone I would expect it to be a gift and never to be paid back. And I would never hold it against them. It'd be nice to be paid back, but it's better to know I helped them through something.
Never give anyone what you are not willing to give as a gift is how I have always lived and never regretted it. That includes turning some people down when I can tell they don't need money, but want it.
The Bible teaches to forgive all transgressions against you. But also to not be a fool.
This isn’t a loan then it’s a gift lol
@@XAKatiyax unless they pay it back as they are expected to. I just don't expect them to.
@@michaelknapp677then you can never be let down and feel betrayed and ripped off leading to things we can never take back!
Smart
As someone who actually has money...shut up.
@@stuartlawler2411 sure buddy
He's a better deal than most American credit card companies give
Someone give this man an executive position at a bank.
The man from C&A